NEW YORK — CVS Health, Food Lion, Kroger, Meijer, Target, Walgreens and Walmart were among the 842 U.S. companies that received a top score of 100% on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), a benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. The CEI rates
MINNEAPOLIS — Target’s stunning financial success in recent years is the fruit of several inspired strategic decisions, including executing a thoughtfully curated merchandising assortment that spans categories and has been paramount to the evolving consumer needs over the past year. Jill Sando, a 24-year company veteran and now chief merchandising officer, has played a central
CHICAGO — Amazon took the top spot in dunnhumby’s latest ranking of the nation’s top grocery retailers, with H-E-B following in second place and Market Basket leapfrogging three retailers to take the third spot away from Trader Joe’s. Wegmans held onto the fourth spot for a second year in a row. “The pandemic has massively
MINNEAPOLIS — Target reported that its third quarter profits increased 47% on a 13% sales gain as the retailer successfully navigated challenges presented by inflation and supply issues. Sales reached $25.3 billion in the three-month period that ended October 30, compared to $22.3 billion in the comparable period last year. Sales at stores that have
In this week’s Video Forum, Christina Hennington, executive vice president and chief growth officer at Target, discusses the company’s success at tailoring its business model to changing circumstances and consumer needs. Among the subjects she addresses are Target’s guiding principles, the development of owned brands and their place in the merchandise mix, and the
MINNEAPOLIS — Target Corp. reported comparable sales growth of 12.7% in the third quarter, reflecting comparable store sales growth of 9.7% and comparable digital sales growth of 29%. Total revenue for the three-month period ended October 30 was $25.7 billion, an increase of 13.3% compared with the same quarter last year, driven by total sales
MINNEAPOLIS — Target Corp. has added new features to its same-day pickup and delivery services in a bid to make holiday shopping more convenient for its customers. “Our guests love the convenience of our same-day services, and we’ve seen tremendous growth in these offerings over the past year, driven by continued investments in our amazing
MINNEAPOLIS — Target is launching a limited-edition of LEGO products that extends the iconic brand beyond toys to include home goods, apparel and accessories for the entire family, the company said Thursday. “Our guests love LEGO brick sets – in fact, Target is one of the leading destinations for families when shopping for the brand,”
NEW YORK — Retailers are boosting their staffing levels in preparation for the holiday season, with both Target Corp. and Walmart making major announcements. Target said it is providing 5 million more hours to current store team members this holiday shopping season, resulting in over $75 million more in pay for its existing team. Through
MINNEAPOLIS — Target Corp. said Wednesday that it will kick off this year’s holiday shopping season in October with its three-day Target Deal Days sales event, scheduled for October 10 through 12. Target will offer deals online, through the Target App and — for the first time — at all Target stores. The retailer also
WASHINGTON – The National Retail Federation said Tuesday that Target chairman and CEO Brian Cornell will receive its “The Visionary” award. The award will be presented during the seventh annual NRF Foundation Honors on January 16 in New York City. “Brian Cornell’s purpose-driven leadership and strategic vision reflect an unwavering commitment to his team, and
MINNEAPOLIS — Target is tripling the number of Disney-themed departments in its stores to more than 160 and will add more than 1,300 exclusive toys and games in time for the holiday season, the company said on Monday. The retailer unveiled its list of top toys for 2021, and said gift seekers will find top